China-Australia economic and trade relations now have scope for improvement, so the two countries should strengthen their cooperation, China's Ministry of Commerce said on Thursday.
Australian resources firm BHP and Japanese trading house Mitsubishi plan to sell the 12mn t/yr Blackwater and 2.5mn t/yr Daunia mines from their BHP Mitsubishi Alliance (BMA) joint venture in Queensland.
North China's Hebei province saw its foreign trade grow 3.9 percent year-on-year to 562.9 billion yuan ($82.61 billion) in 2022, according to local customs.
China's steel industry is expected to see roughly balanced supply and demand in 2023, thanks to the steady recovery of the Chinese economy, according to a senior official of China's top steel industry association.
Shipments from the four largest iron ore producers in Western Australia's (WA) Pilbara rebounded in the week to 18 February from a two-year low the previous week.
India remained a net importer of steel for the fourth consecutive month in January, with exports climbing to a seven-month high on increasing international demand.